Kamath highlighted how Indian banks play a key role in deciding the pace at which money multiplies in the economy, adding that the process is intentionally kept slower.
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Kamath highlighted how Indian banks play a key role in deciding the pace at which money multiplies in the economy, adding that the process is intentionally kept slower.
Net direct tax collections rose 16.4% year-on-year to Rs 6.51 lakh crore as of July 13, with gross collections climbing past Rs 7.73 lakh crore despite higher refunds.
Reuters had claimed that India rejected a quick, restricted interim trade deal that Washington had proposed, and was holding on for a better pact.
Level-1 employees will see HRA rise significantly across X, Y and Z cities if the 8th Pay Commission adopts a 2.57 fitment factor.
Goyal reacted to a report published by the news agency Reuters, which stated that India was waiting for a better deal and had rejected a speedy trade pact with the US in recent negotiations.
A 9-10% GDP growth would be required to absorb the new entrants in the workforce, according to Morgan Stanley's Chetan Ahya.
Food, transport and precious metal prices pushed June retail inflation to a six-month high, with half of India's states exceeding the RBI's 4% target.
Finance minister urges lenders to step up overseas deposit mobilisation as RBI backs swap schemes to strengthen India's external sector.
Food inflation accelerated to 5.32% in June, as compared to 4.78% in the preceding month.
Rajesh Agrawal says negotiations are progressing smoothly, with the proposed pact expected to address tariff concerns and strengthen bilateral trade.